With time STO may retract from current price. As the US market mayhem continue, chance of STO sliding further down are pretty high.
Remember 2007 GFC, 14 months later(October 2008), whole market went to a level nobody thought it will. As the bankruptcy starts hitting, people who loose money will be forced by bank to liquidate their all assets(stocks are first to be liquidated, house comes second and cars & furniture are the last).
I am sure US/Australia lots of small energy/minerals companies are going to shut their doors totally. It happens after every major crash.
With time STO may retract from current price. As the US market...
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Last
$6.92 |
Change
0.040(0.58%) |
Mkt cap ! $22.47B | |||
| Open | High | Low | Value | Volume |
| $6.92 | $6.93 | $6.84 | $41.01M | 5.946M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 25681 | $6.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.92 | 50135 | 6 |
View Market Depth
| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |